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IRA Accounts

Solid assistance for your financial future

Fixed terms and compounding interest help with your kids’ education as well as your retirement.

Choose from Traditional, Roth, or Coverdell Educational Savings Account (ESA) Certificates with powerful features:

  • Terms of 12-, 24-, and 36-months.
  • Minimum opening deposit of $1,000.
  • Fixed-term account.
  • Dividend rates based on term.
  • Dividends compounded and paid monthly.
  • Additional deposits allowed.

Traditional IRA

Traditional IRA earnings are tax deferred. That means you won’t pay taxes on them until you withdraw the money. You could be eligible for a tax deduction when you deposit the money, too.

Consult your tax advisor for more information.

Roth IRA

The best thing about a Roth IRA is earnings are tax free when withdrawn. To further reduce your tax burden, speak to your tax advisor about “qualified distributions” for more tax-free earnings.

Coverdell ESA Certificates

An education savings vehicle for children, this certificate comes with a $2,000 contribution limit per year. ESA contributions are not tax deductible, but if assets are used for qualified education expenses the earnings can be tax free.

ESA accounts can be used for elementary, secondary, or higher education expenses.

Traditional/Roth/Coverdell/IRA Certificates
Account Name Minimum to Open/Earn APY Dividend Rate Annual
Yield (APY)
12 Months Traditional/Roth/Coverdell/ IRA Certificate $1,000 / $1,000 .80% .80%
24 Months Traditional/Roth/Coverdell/ IRA Certificate $1,000 / $1,000 1.15% 1.16%
36 Months Traditional/Roth/Coverdell/ IRA Certificate $1,000 / $1,000 1.50% 1.51%
See your Valley Strong Truth-In-Savings Disclosure (About Your Credit Union Accounts) for the dividend compounding method of calculating dividends, early withdrawal penalties and general terms and conditions. There is a 10-day grace period after maturity to make changes/withdrawals with no penalty.

Rates effective as of 2/1/2023.
All rates, terms and conditions subject to change.

To open an IRA account today, visit any of our conveniently located branches.